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Dec 7, 2013
12/13
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if they are going punt on entitlements and taxes, which they're going to do, they will not do it next year either, are they? >> i am starting to believe that none of that can happen meaning structural changes to entitlements until we have another election or some kind of big economic shock that forces these lawmakers to come together. of these is a big part problem but the senate is becoming a big part of the problem as well. this goes back to politics and the fact that individual lawmakers, republicans specifically are so concerned about challenges from the right instead of having a democrat challenge them that they are not going to cut a deal that makes them look like they are not conservative. weekey only have about a left, anything they will get done? >> there are things they have to get done. this year, we have on a plummet in insurance expiring 41.3 million americans. there is a farm bill that is expiring. you can see shocks in the dairy market. there is also other housekeeping things. another fed governor. there's a lot that needs to be addressed. >> they will be leaving town i
if they are going punt on entitlements and taxes, which they're going to do, they will not do it next year either, are they? >> i am starting to believe that none of that can happen meaning structural changes to entitlements until we have another election or some kind of big economic shock that forces these lawmakers to come together. of these is a big part problem but the senate is becoming a big part of the problem as well. this goes back to politics and the fact that individual...
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114
Dec 8, 2013
12/13
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if they are going punt on entitlements and taxes, which they're going to do, they will not do it next year either, are they? >> i am starting to believe that none of that can happen meaning structural changes to entitlements until we have another big election or some kind of big economic shock that forces these lawmakers to come together. the house is a big part of the problem but the senate is becoming a big part of the problem as well. this goes back to politics and the fact that individual lawmakers, republicans specifically are so concerned about challenges from the right instead of having a democrat challenge them that they are not going to cut a deal that makes them look like they are not conservative. >> they only have about a week left, will anything they will get done? >> there are things they have to get done. this year, we have unemployment insurance expiring for 1.3 million americans. there is a farm bill that is expiring. you can see shocks in the dairy market. there is also other housekeeping things. we will confirm another fed governor. there's a lot that needs to be ad
if they are going punt on entitlements and taxes, which they're going to do, they will not do it next year either, are they? >> i am starting to believe that none of that can happen meaning structural changes to entitlements until we have another big election or some kind of big economic shock that forces these lawmakers to come together. the house is a big part of the problem but the senate is becoming a big part of the problem as well. this goes back to politics and the fact that...
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118
Dec 6, 2013
12/13
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it is going to compound tax- free. >> and will do wonders. start a paper portfolio. i'm going to buy these 10 companies. write down why. what is the reason? and then keep checking one year later. what happened? did they keep growing? do a paper portfolio. you can do what i did. what am i good at? what am i bad that? am i good at turnarounds? maybe i paid too high for a stock. you can do this over four or five years and learn your skills. in a specialized. i owed thousands of come needs. -- of companies. running a $14re billion, did you see in your did you see individuals i am investing for, the firemen down the street. did you? >> almost none of it was pension fund. it was almost all individuals. it was incredible, that thrill. i got letters when the market went down in 1987, people were writing letters to me cheering me up. no complaints. have done wellou for me. >> hang in there. it is amazing. craig still give up now. >> i meet these people all the time. at airports. it was wonderful. the greatest thrill of my life. children and my wife managing money for other pe
it is going to compound tax- free. >> and will do wonders. start a paper portfolio. i'm going to buy these 10 companies. write down why. what is the reason? and then keep checking one year later. what happened? did they keep growing? do a paper portfolio. you can do what i did. what am i good at? what am i bad that? am i good at turnarounds? maybe i paid too high for a stock. you can do this over four or five years and learn your skills. in a specialized. i owed thousands of come needs....
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Dec 5, 2013
12/13
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they are a perverse tax. we are out of line with small and medium with other -- we are out of line with other countries for small and medium enterprises. austerity is not done. austerity to be affected between now and 2016. osborne is unlikely to give a great deal away. he wants to stay the course of prudence. >> he certainly does. there have been leaks about the statement. what is left for the chancellor to surprise us with? >> housing is top of the agenda. least of all for the bank of england, -- not least of all for the bank of england, monetary policy. he might have something about the foreign ownership, a banner issue in london. you being tax on the sale of your ownership if you're a foreign owner. something to do with -- this is the politics of politics. going up against the opposition chancellor saying plan a worked. didn't really work or have things gotten better? they have, thankfully. there will be politics in the houses of parliament, the house of westminster behind me. for married couples. there c
they are a perverse tax. we are out of line with small and medium with other -- we are out of line with other countries for small and medium enterprises. austerity is not done. austerity to be affected between now and 2016. osborne is unlikely to give a great deal away. he wants to stay the course of prudence. >> he certainly does. there have been leaks about the statement. what is left for the chancellor to surprise us with? >> housing is top of the agenda. least of all for the...
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Dec 5, 2013
12/13
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generally speaking, i think bitcoin has a role to play in countries where citizens face high taxes, high capital controls or confiscation risk. from that point of view that is interesting. >> you have mentioned china. they have come down pretty hard on bitcoin. >> i think so. 70% of the recent turnover in bitcoin exchange basically involved a cnyb on the other side. this has become an object of speculation in china just like other things, even garlic in china. >> people have made comparisons to tulips. there was a professor in the netherlands who made this comparison just this week. you would say no, don't worry about that it, is not a tulip? >> i think right now add today's level, a,000, you can't say clearly it is a bubble. this is where i would disagree with green span. this piece makes that point dwight well. >> david woo disagreeing with allen greenspan. we will be back in two. >> welcome back to "street smart." we had our fifth down day in the market today. trish, you look at where the market closed, the s&p 500 down a half percent. that means we are now down 1.5% over the past fiv
generally speaking, i think bitcoin has a role to play in countries where citizens face high taxes, high capital controls or confiscation risk. from that point of view that is interesting. >> you have mentioned china. they have come down pretty hard on bitcoin. >> i think so. 70% of the recent turnover in bitcoin exchange basically involved a cnyb on the other side. this has become an object of speculation in china just like other things, even garlic in china. >> people have...